Dabur India drops amid volatility after good Q4 earnings

Dabur India lost 1.19% to Rs 178 at 14:58 IST on BSE after consolidated net profit rose 17.3% to Rs 235.29 crore on 15.5% growth in net sales to Rs 1769.02 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced during trading hours today, 29 April 2014.

Meanwhile, the S&P BSE Sensex was down 135.85 points or 0.6% at 22,495.76.

On BSE, so far 1.40 lakh shares were traded in the counter as against average daily volume of 1.36 lakh shares in the past two weeks.

The stock was volatile. The stock lost as much as 1.74% at the day's low of Rs 177 so far during the day. The stock rose as much as 1.19% at the day's high of Rs 182.30 so far during the day.

Dabur India said that the topline in Q4 March 2014 was boosted by strong volume-led growth across key categories like Health Supplements, Digestives, Shampoos, Toothpastes, Foods & Home Care which helped the company to mitigate the impact of a challenging business environment and macro headwinds.

Commenting on the company's financial performance, Dabur India Chief Executive Officer Mr. Sunil Duggal said, "The business has performed well on all operating parameters. Our strong performance reflects the robustness of our business model and our ability to efficiently manage the emerging challenges. Dabur has been reporting strong and consistent performance despite intensifying competitive pressures and the challenging market environment being witnessed for some quarters now. Going forward too, our focus will be on pursuing an aggressive and profitable growth strategy".

Dabur India's consolidated net profit rose 19.7% to Rs 913.92 crore on 15.1% growth in net sales to Rs 7073.21 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

Dabur's International Business continues to be a key growth driver, recording a robust 20% growth during Q4 March 2014, led by strong performance in GCC, Egypt and Levant (comprising Yemen, Jordan, Lebanon & Syria) markets. During the full year 2013-14, the Levant business reported a strong 32% growth, while sales in Egypt grew by 20% and GCC markets by 17%, Dabur India Group Director Mr. P D Narang said.

Dabur India is one of India's leading FMCG companies. Dabur operates in key consumer product categories like hair care, oral care, health care, skin care, home care and foods.

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